With the Centre seen waiving the 150-km rule and certain environment regulations to allow a new airport in Navi Mumbai, bids for residential-cum-commercial plots in Kharghar have through the roof.
Builder Bhagwati Group bid Rs 1.84 lakh per sq mtr – the highest price quoted so far for a Kharghar plot. That translates to Rs 74.5 cr per acre.
The group also emerged the highest bidder for two other plots as well quoting Rs 1.71 lakh per sq mtr and Rs 1.61 lakhs per sq mtr respectively.
“One of the key projects coming up is the Navi Mumbai International Airport which has crossed all hurdles. Areas like Kharghar, Ulwe, Dronagiri and Panvel will witness not only rapid development, but escalation of prices in a demand-driven market,” said Rajesh Prajapati, managing director of Navi Mumbai-based Prajapati Group.
Last month, the government selected four bidders for the Navi Mumbai airport — GMR Airports, Mumbai International Airport (MIAL), Zurich Airport & Voluptas Developers (Hiranadani group) and MIA Infrastructure, a consortium of VINCI Airports International SA and Tata Realty.
The Union Environment Ministry, headed by Prakash Javadekar, also agreed to a state government proposal that the developer of the airport should not be forced to create alternate mangrove forest in lieu of the acreage that will be destroyed in the process of construction.
| Bidder | Bid/sq meter | Plot |
| Bhagwati developers | 184111.11 | Plot no 3 |
| Bhagwati developers | 171511.11 | Plot no 4 |
| Greenscape shakti ventures | 165222 | Plot no 3 |
| Bhagwati developers | 161611.11 | Plot no 5 |
| Varun enterprises | 161000 | Plot no 5 |
| varun enterprises | 151000 | Plot no 3 |
| Platinum lifestyle | 133011 | Plot no 4 |
| Platinum lifestyle | 127777 | Plot no 3 |
| paradise | 126621 | Plot no 3 |
| Paradise infra pvt ltd | 126621 | Plot no 4 |
| Varun enterprises | 126000 | Plot no 4 |
| (unknown) | 125000 | Plot no 5 |
| Platinum lifestyle | 121789 | Plot no 5 |
| Tricity realty pvt ltd | 112559 | Plot no 3 |
| Trishul realtors | 111699.99 | Plot no 3 |
| Tricity realty pvt ltd | 105121 | Plot no 4 |
| Tharwani realty | 90001 | Plot no 5 |
| Sadguru Infraprojects pvt ltd | 89991.99 | Plot no 4 |
| Tharwani Realty | 85000 | Plot no 4 |
| Tharwani Realt | 81000 | Plot no 3 |
| Tharwani construction pvt ltd | 72000 | Plot no 5 |